Quarterly Accountings. On a quarterly basis, or more frequently as mutually agreed by the Parties, commencing with the first calendar quarter following the Effective Date, the Company shall prepare a Quarterly Accounting as of the end of each calendar quarter, no later than thirty (30) days after the end of such quarter; provided, however, that in the event that subsequent data or calculations require revision of the final Quarterly Accounting, the required revision and any appropriate payments shall be made in cash by the parties within five (5) Business Days after they mutually agree as to the appropriate revision. All Quarterly Accountings shall be prepared in the format set forth on Schedule 6.1 hereto. The Quarterly Accounting shall separately identify payment obligations attributable to a Variable Separate Account, a Risk Control Separate Account, a Declared Rate Separate Account and the General Account. In addition to the Quarterly Accounting, the Company shall provide the Reinsurer with any additional information related to this Agreement or the Policies as is reasonably necessary for the Reinsurer to satisfy any financial reporting or disclosure requirements or to comply with Applicable Law.
Quarterly Accountings. Within thirty (30) days after the end of each calendar quarter that this Agreement is in effect (or more frequently as mutually agreed by the parties), the Company shall submit to the Administrator a written statement of accounting in a form and containing such information to be agreed upon by the parties hereto (each, an “Insolvency Fund Quarterly Accounting”) setting forth the Insolvency Fund amounts assessed or payable to the extent that such assessments constitute Reinsured Risks with respect to the Novated Policies (collectively, the “Post-Effective Date Assessments”). Within thirty (30) days after the last day of each calendar quarter that this Agreement is in effect (or more frequently as mutually agreed by the parties), the Administrator shall submit to the Company a written statement of accounting in a form and containing such information to be agreed upon by the parties hereto (each, a “Quarterly Premium Tax Accounting”, and together with the Insolvency Fund Quarterly Accountings, the “Quarterly Accountings”) setting forth the estimated premium taxes due with respect to the Novated Policies as a result of premiums collected during such quarter. Concurrent with the delivery of each Quarterly Premium Tax Accounting, the Administrator shall remit to the Company the amount set forth on such Quarterly Premium Tax Accounting with respect to such estimated premium taxes due and the amount set forth in such Insolvency Fund Quarterly Accounting with respect to the Post-Effective Date Assessments, and any other amounts owed to the Company pursuant to this Agreement; provided, however, that any Post-Effective Date Assessments set forth in an Insolvency Fund Quarterly Accounting received by the Administrator less than five (5) Business Days prior to the Administrator’s delivery of such Quarterly Premium Tax Accounting will be paid within ten (10) Business Days of receipt by the Administrator of such Insolvency Fund Quarterly Accounting. Each of the parties agrees to supply to the other a copy of all supporting data used in preparing the Quarterly Accountings prepared by such party.
Quarterly Accountings. Within thirty (30) days after the end of each calendar quarter that this Agreement is in effect (or more frequently as mutually agreed by the parties), the Company shall submit to the Administrator a written statement of accounting in a form and containing such information to be agreed upon by the parties hereto (each, an “Insolvency Fund Quarterly Accounting”) setting forth the Insolvency Fund amounts assessed or payable to the extent that such assessments constitute Reinsured Risks with respect to the Reinsured Contracts (collectively, the “Post-Effective Date Assessments”). The Administrator shall remit to the Company an amount equal to the Post-Effective Date Assessments set forth in an Insolvency Fund Quarterly Accounting received by the Administrator within ten (10) Business Days of receipt by the Administrator of such Insolvency Fund Quarterly Accounting.
Quarterly Accountings. (a) Within 20 days after the end of each quarter in which Insolvency Fund assessments are assessed or payable by the Company, the Company shall submit to the Administrator a written statement of accounting in a form and containing such information to be agreed upon by the Parties (each, an “Insolvency Fund Assessment Accounting”) setting forth the Insolvency Fund amounts assessed against or payable by the Company, to the extent that such assessments arise on account of Premiums under the Reinsured Policies. Within five (5) Business Days of receipt of each Insolvency Fund Assessment Accounting, the Administrator shall remit to the Company the amount set forth on such Insolvency Fund Assessment Accounting with respect to the Insolvency Fund amounts.
Quarterly Accountings. Subject to Section 1.3, from and after the Effective Date, within twenty (20) Business Days after the end of each calendar quarter that this Agreement is in effect (or more frequently as mutually agreed by the parties), the Company shall submit to the Administrator a written statement of accounting in a form and containing such information to be agreed upon by the parties hereto (each, an“ Fund Quarterly Accounting” setting forth the insolvency fund amounts assessed against or payable by the Company, to the extent that such assessments constitute the Company’s General Account Liabilities (collectively, the“Date Assessments”) In addition, within twenty (20) Business Days after the last day of each calendar quarter that this Agreement is in effect (or more frequently as mutually agreed by the parties), the Administrator shall submit to the Company a written statement of accounting in a form and containing such information to be agreed upon by the parties hereto (each, a“ Premium Tax Accounting” and together with the 10 NYB 621298.28 03340 00004
Quarterly Accountings. The Reinsurer will administer, or cause the administration of, the Variable Contracts and provide Quarterly Accountings with respect thereto to the Company in accordance with the Administrative Services Agreement. All reports, remittances and payments due to or from a party hereto shall be made in accordance with the procedures set forth in the Administrative Services Agreement.
Quarterly Accountings. (a) From and after the Effective Date, within ten (10) Business Days after the end of each calendar quarter that this Agreement is in effect (or more frequently as mutually agreed by the parties), Company shall submit to Administrator a written statement of accounting in a form and containing such information to be agreed upon by the parties hereto (each, an “Insolvency Fund Quarterly Accounting”) setting forth any guaranty fund and involuntary mechanism assessments and similar charges against or payable by Company, to the extent that such assessments constitute Insurance Liabilities (collectively, the “Post-Effective Date Assessments”). If Administrator objects to the amount of an Insolvency Fund Quarterly Accounting, it shall have thirty (30) days following its receipt of such Insolvency Funding Quarterly Accounting to notify Company of its objection, unless Company’s time frame for contesting such assessments or charges terminates earlier than the end of such thirty (30) day period, in which case, Administrator shall give notice of its objection no later than five (5) Business Days prior to the last day of such contest period. In the event of such an objection, Administrator and Company shall work in good faith to reach agreement on the amount of the Insolvency Fund Quarterly Accounting as soon as practicable. Within twenty (20) days of reaching such agreement, Administrator shall remit to Company the agreed upon amount of the Insolvency Fund Quarterly Accounting with respect to the Post-Effective Date Assessments. Company agrees to supply Administrator a copy of all supporting data used in preparing the Insolvency Fund Quarterly Accountings.
Quarterly Accountings. Subject to Section 2.3, from and after the Inception Date, within [ten (10)] Business Days after the end of each calendar quarter that this Agreement is in effect (or more frequently as mutually agreed by the Parties), the Company shall submit to the Administrator a written statement of accounting in a form and containing such information to be agreed upon by the Parties hereto (each, an “Insolvency Fund Quarterly Accounting”) setting forth the insolvency fund amounts assessed against or payable by the Company, to the extent that such assessments constitute the Company’s General Account Liabilities in respect of the LBL Contracts and the Vermont Captive Contracts (collectively, the “Post-Inception Date Assessments”). In addition, within twenty (20) Business Days after the last day of each calendar quarter that this Agreement is in effect (or more frequently as mutually agreed by the Parties), the Administrator shall submit to the Company a written statement of accounting in a form and containing such information to be agreed upon by the Parties hereto (each, a “Quarterly Premium Tax Accounting”, and together with the Insolvency Fund Quarterly Accountings, the “Quarterly Accountings”) setting forth the estimated premium taxes due with respect to the LBL Contracts and the Vermont Captive Contracts as a result of premiums collected or annuitizations occurring during such quarter. Concurrent with the delivery of each Quarterly Premium Tax Accounting, the Administrator shall remit to the Company the amount set forth on such Quarterly Premium Tax Accounting with respect to such estimated premium taxes due and the amount set forth in such Insolvency Fund Quarterly Accounting with respect to the Post-Inception Date Assessments, and any other amounts owed to the Company pursuant to this Agreement.
Quarterly Accountings. Claimants that are parties to this Agreement (including the Receiver) and the Defendant Group that is the grantor of any specific disbursement trust or defense trust shall receive a separate quarterly accounting prepared by Trustee of the assets held in the trust. Each quarterly accounting shall list the investments held in the trust, and shall specify the earnings for the period to which the accounting relates and any activity in the trust for that period, including any disbursements from the trust during that period. However, nothing in this Agreement shall require any member of the Wilshire Defendant Group or the Xxxx Xxxxxx Defendant Group to disclose to Trustee or any Claimant confidential attorney-client communications or to provide any information to Trustee or any Claimant that could amount to a waiver of its attorney-client privilege (unless said privilege has previously been waived). Claimants and Trustee agree to maintain the confidentiality of the particulars of any payments from the defense trusts provided for herein except as to the date and amount of such payments. No hearing for the purpose of approving or allowing the accounts of Trustee shall be required unless otherwise ordered by the Court.
Quarterly Accountings. Between the Service Transfer Date and the Termination Date, the Reinsurer shall provide the Company with a Quarterly Accounting as of the end of the applicable quarter, based on the information set forth in Schedule 3.8 hereto, no later than fifteen (15) business days after the end of such quarter.
